Upstox Vs RMoney (Compare Upstox and RMoney)

The side-by-side comparison of Upstox and RMoney. Compare Upstox Vs RMoney brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Upstox vs RMoney?


Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox


RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

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Upstox Vs RMoney

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India. Incorporated in , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

  Upstox RMoney
Type of Broker Discount Broker Discount Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Upstox Basic Zero Brokerage Plans
Year of Incorporation 2012
Number of Branches 4
Broker Enquiry Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you. Open an Online Trading Account with RMoney. Leave your contact info and we will get in touch with you.
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Upstox Vs RMoney Charges & AMC

Upstox trading account opening charges is ₹249 while RMoney account opening changes is ₹199. Upstox Demat Account AMC Charges is ₹300 and RMoney Demat Account AMC Charges is ₹0 for lifetime (Free).

  Upstox RMoney
Trading Account Opening Charges ₹249 ₹199
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 (Free) ₹0 (Free)
Demat Account AMC Charges ₹300 ₹0 for lifetime (Free)
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Upstox Vs RMoney Brokerage Charges & Plans

Upstox Vs RMoney Brokerage

Upstox brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or 0.05% whichever is lower whereas RMoney brokerage charges for equity is ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower.

  Upstox RMoney
Account Type Upstox Basic Zero Brokerage Plans
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹0 (Free)
Equity Intraday Brokerage ₹20 per executed order or 0.05% whichever is lower ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹20 per executed order or 0.05% whichever is lower ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹20 per executed order or 0.05% whichever is lower ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹20 per executed order or 0.05% whichever is lower ₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order
Special Offer
Special Offer:

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

Special Offer: RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

Upstox Vs RMoney Brokerage Plan 2

  Upstox RMoney
Account Type Upstox Priority (Higher Margin) Happy Service Plan
Fixed Charges NA NA
Equity Delivery Brokerage ₹0 0.10% to 0.40%
Equity Intraday Brokerage ₹30 per executed order or 0.10% whichever is lower 0.01% to 0.04%
Equity Futures Brokerage ₹30 per executed order or 0.10% whichever is lower 0.005% to 0.02%
Equity Options Brokerage ₹30 per executed order ₹20 to ₹80 per lot
Currency Futures Trading Brokerage ₹30 per executed order or 0.10% whichever is lower 0.005% to 0.02%
Currency Options Trading Brokerage ₹30 per executed order 0.005% to 0.02%
Commodity Futures Trading Brokerage ₹30 per executed order or 0.10% whichever is lower 0.005% to 0.02%
Commodity Options Trading Brokerage ₹30 per executed order
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Upstox Charges Vs RMoney

Minimum Brokerage Charges 0.05% ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges ₹20 per trade ₹0 (Unlimited Calls)
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Upstox Vs RMoney Transaction Charges

Upstox transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium) while RMoney exchange transaction charges for options is NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%).

  Upstox RMoney
Equity Delivery NSE ₹325 per Cr (0.00325%) (each side) NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday NSE ₹325 per Cr (0.00325%) (each side) NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures NSE ₹210 per Cr (0.0021%) NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options NSE ₹5500 per Cr (0.055%) (on premium) NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%) NSE, BSE - ₹150 per crore (0.0015%)
Currency Options NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium) NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity Group A - ₹290 per Cr (0.0029%) MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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Upstox Vs RMoney Leverage (Margin)

Upstox provides the margin of Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x for intraday trades whereas the RMoney margin for intraday cash is 20x (5%) (Intraday Only).

  Upstox RMoney
Equity Delivery 1x (no margin) Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x 20x (5%) (Intraday Only)
Equity Futures Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x Intraday - 100X (1%)
Currency Options Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x Intraday - 100X (1%)
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x Intraday - 77X (1.3%)
Commodity Options
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Compare Upstox and RMoney Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

  Upstox RMoney
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time 3:15 PM Equity 3:15 PM
Other Features Option strategy builder
Referral Program Yes
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Upstox Vs RMoney Review

Upstox is rated 2.5 of 5 based on 91 customer reviews whereas RMoney is rated 4.0 of 5 based on 3 customer reviews.

  Upstox RMoney
  91 Customer Reviews    Rate Upstox 3 Customer Reviews    Rate RMoney
Fees 3.5 4.7
Trading Brokerage 3.5 4.7
Trading Platform Usability 2.7 4.3
Customer Service 2.4 4.0
Research Capabilities 2.3
Overall Ratings Rated 2.5 stars Rated 4.0 stars
Broker Rating Upstox is rated 2.5 of 5 based on 91 customer reviews RMoney is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Upstox Enquire RMoney Enquire
Contact Broker

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

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Upstox Vs RMoney Investment Options

  Upstox RMoney
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Corporate FD, Life Instance, General Insurance
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Upstox Vs RMoney Order Type Offered

  Upstox RMoney
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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Upstox Vs RMoney Research Report

  Upstox RMoney
Daily Market Report No Yes
Free Tips No No
Quarterly Result Analysis No Yes
News Alerts No Yes
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Upstox Vs RMoney Suitable For Investor Type

  Upstox RMoney
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes
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Upstox Vs RMoney - Pros and Cons

  Upstox RMoney
Pros
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.
  9. Online IPO, FPO, Bonds and NCD's are available.
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
Cons
  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
Reviews Useful Articles:
Promo / Offers

FREE Equity Delivery Trading

Open Upstox Trading Account and get brokerage FREE Equity Delivery Trades (₹0 brokerage). Trade in Intra-day and F&O Trades at flat ₹20 per order.

Request Callback

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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